Re: Original Corvette Documentation Coming
The folks at GM of Canada have told me in the past that it was done (since the 30's) in order to maintain auditable records for Revenue Canada (their equivalent of our IRS) related to import duties, excise taxes, offset credits, and the rest of the maze of Canadian tax issues that related to importation of U.S.-built/Canadian-sold new vehicles. GM of Canada Ltd. is legally a separate company from GM (U.S.), and technically bought U.S.-built cars from GM, imported them, and sold them through their own dealer network.
The folks at GM of Canada have told me in the past that it was done (since the 30's) in order to maintain auditable records for Revenue Canada (their equivalent of our IRS) related to import duties, excise taxes, offset credits, and the rest of the maze of Canadian tax issues that related to importation of U.S.-built/Canadian-sold new vehicles. GM of Canada Ltd. is legally a separate company from GM (U.S.), and technically bought U.S.-built cars from GM, imported them, and sold them through their own dealer network.
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